Central Bank of Iraq Auctions $154,898,864 on 04 April 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 4 registered $154,898,864 in sales, a -7.26% volume decline from the US $167,024,550 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 3.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 4 compared to the previous auction.

Data for the April 4 auction was made public by CBI Announcement Number 3670.

Dollar sales in the in the period January 1, 2018 to April 4, 2018 saw an increase of -1% compared to the sales of US $9.35 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to April 2018, sales of US dollars averaged US $1.79 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.